Checkpoint Systems Inc. (CKP) Updates FY14 Earnings Guidance
Checkpoint Systems Inc. (NYSE:CKP) updated its FY14 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.60-0.70 for the period, compared to the Thomson Reuters consensus estimate of $0.70, Stock Ratings News reports. The company issued revenue guidance of $675-715 million, compared to the consensus revenue estimate of $710.50 million.
On a related note, analysts at Imperial Capital cut their price target on shares of Checkpoint Systems from $20.00 to $19.00 in a research note on Thursday, April 10th. They now have an outperform rating on the stock.
Checkpoint Systems Inc. (NYSE:CKP) traded down 1.13% during mid-day trading on Monday, hitting $12.26. The stock had a trading volume of 130,541 shares. Checkpoint Systems Inc. has a 52-week low of $11.27 and a 52-week high of $18.25. The stock has a 50-day moving average of $12.90 and a 200-day moving average of $14.30. The company’s market cap is $510.1 million.
Checkpoint Systems (NYSE:CKP) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.11) by $0.15. The company had revenue of $147.41 million for the quarter, compared to the consensus estimate of $151.50 million. Checkpoint Systems’s revenue was down .5% compared to the same quarter last year. On average, analysts predict that Checkpoint Systems Inc. will post $0.70 earnings per share for the current fiscal year.
Checkpoint Systems, Inc is a global manufacturer and provider of technology-driven, loss prevention, inventory management and labeling solutions to the retail and apparel industry.
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